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Akwa Ibom State Govt. Expresses Displeasure Over Non-remittances Of Counterpart Funds June 28, 2014

Posted by Ibompulpit in Government.
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Akwa Ibom State Government has expressed displeasure over the non remittance of its counterpart revenue by some public agencies operating in the  State, describing the trend as inimical to sustainable development of the State.
The Commissioner for Finance, Mr. Akan Okon, made the declaration when he met with the management of Internal Revenue Service (IRS) and top officers of Federal Road Safety Corp (FRSC) at the conference Room of the Ministry, within the week.
The Commissioner, who termed as worrisome failure on the parts of some of these agencies to comply with Fiscal Responsibility Act, which stipulates remittance of certain percentage of their Internally Generated Revenue to the State’s Consolidated Revenue Funds, said that such violation has affected the projection of the State Government.
He, however, maintained that despite these setbacks, Government remains resolute in its drive to continually explore ways of expanding its horizon with IGR in order to meet its obligations to the people. He called on those agencies to make proactive efforts that align with the laws of the land so as to promote democratic goals.
On his part, the FRSC Sector Commander, Engr. M.R Yerima, appreciated the Finance Commissioner for the initiative of interacting with them, which he said has created a platform for clarification of issues.
Engr. Yerima, who affirmed the Corp ‘s  commitment to keeping faith with the set rules and regulations, however regretted that their inability to remit Akwa Ibom revenue to its coffers is based on delay in issuance of  password from their Head office that enables IRS to access the account. He assured that they are working on modalities to normalize the situation and, therefore, solicited understanding and patience in this regards.
Meanwhile, the Commissioner  for Finance, Mr Akan Okon, has lauded the Federal Government’s innovation of creating a database for taxpayers through the biometric capturing of  taxable adults and subsequent issuance of unique identification number.
The Commissioner made the commendation when he played host to the TIN crew who were at the State Ministry of Finance to for biometric capture the staff.
Mr. Okon acknowledged the enormous benefits of TIN mechanism that will not only harmonize taxpayers identification, but will also address inefficiency in tax administration, tax compliance and other practices which had generated revenue leakages in the country.
He advocated for more awareness on the TIN device to ensure massive participation.
The Commissioner, whose biometric information was captured alongside other staff of the Ministry, was later presented with his TIN identity card.
Josephine Etuk
Information Officer,
Ministry Of Finance